Cobalt is in huge demand today, all thanks to the rise in the consumption of electric vehicles. Reportedly, cobalt is the main component in lithium-ion batteries which is used to power a range of products like mobile devices, laptops, and electric automobiles.
On average, an electric car battery needs up to 20 pounds of cobalt. On the other hand, a laptop battery needs around one ounce of the mineral. As the shift from fuel-powered cars to electric cars increases, motivated by increased awareness of its low environmental impact and government’s tax incentive, Morgan Stanley has predicted that cobalt’s demand will grow eight times by 2026, all due to its use in consumer devices and electric vehicles.
The Problem
Reportedly, more than 60% of the world’s cobalt needs are met by the ‘copper belt’ of the south-eastern province of DRC (Democratic Republic of Congo). Darton Commodities Ltd., which is a London-based research company, revealed that children mine 20% of the cobalt.
Various attempts have been made to add transparency to the cobalt supply chain and ensure that children do not mine cobalt. This is why Ford Motor Company in partnership with IBM, Huayou Cobalt, LG Chem, and RCS Global has planned to use blockchain technology to validate and trace ethically sourced minerals.
The Solution
The blockchain-based platform is powered by IBM Blockchain and Linux Foundation’ Hyperledger Fabric. According to the general manager of the global industrial products industry for IBM, Manish Chawla:
“With the growing demand for cobalt, this group has come together with clear objectives to illustrate how blockchain can be used for greater assurance around social and environmental sustainability in the mining supply chain. The initial work by these organizations will be used as a precedent for the rest of the industry to be further extended to help ensure transparency around the materials going into our consumer goods.”
The company plans to extend the program beyond cobalt and looks forward to tracing the supply chain of other raw materials like tungsten, tin and the likes.
Related articles:
Zim, Israel’s Leading Cargo Shipping Firm, Opens Blockchain Platform to All
Thanks for this rattling post, I am glad I noticed this website on yahoo.
certainly like your web-site however you need to check the spelling on several of your posts. A number of them are rife with spelling issues and I find it very troublesome to inform the reality then again I will surely come again again.
I have been browsing on-line greater than three hours lately, yet I by no means found any attention-grabbing article like yours. It is lovely value sufficient for me. Personally, if all webmasters and bloggers made excellent content material as you probably did, the internet will probably be much more useful than ever before.
These are simple classic casino slots with multiple reels and several paylines from 1 to 245. Each slot has its unique icons and bonus features. We want to talk about a few top slots produced by Konami in detail so let’s take a look: You can play free Konami slots online here at MrGamez. We offer one of the widest selections of free online slots for players to play on the internet. Konami first slots appeared in casinos about the year of 1996, a little later online games were released for real money casinos in the year of 2014. Konami slots are not as loved as Aristocrat or IGT games but they are still in the top five of our most played free slot machines on this site. Konami’s recent innovations have also shifted toward more noticeable changes to gameplay. In 2016, the company unveiled the Crystal Cyclone. This upgrade adds a social element to Konami’s older physical machines. The system places a roulette wheel in the center of several linked Konami slot machines.
http://www.irken.co.kr/bbs/board.php?bo_table=free&wr_id=474651
If you believe you should have access, please contact us. If you believe you should have access, please contact us. Kind Regards, Chumba Casino Team. If you believe you should have access, please contact us. If you believe you should have access, please contact us. If you believe you should have access, please contact us. Kind Regards, Chumba Casino Team. If you believe you should have access, please contact us. Kind Regards, Chumba Casino Team. Kind Regards, Chumba Casino Team. Kind Regards, Chumba Casino Team. Kind Regards, Chumba Casino Team. Kind Regards, Chumba Casino Team. If you believe you should have access, please contact us. Kind Regards, Chumba Casino Team. If you believe you should have access, please contact us.
suhagra 50mg generic order sildenafil 50mg generic sildenafil mail order usa
fantastic points altogether, you just gained a new reader. What would you suggest in regards to your post that you made some days ago? Any positive?
buy clonidine 0.1 mg without prescription catapres for sale online tiotropium bromide price
I have learned some new things from the blog post. One other thing I have recognized is that normally, FSBO sellers will reject a person. Remember, they can prefer to not ever use your products and services. But if an individual maintain a reliable, professional romance, offering support and remaining in contact for around four to five weeks, you will usually be capable to win a conversation. From there, a listing follows. Thanks a lot
Rattling excellent info can be found on site.
buy minocin 100mg capsules terazosin 1mg oral buy generic pioglitazone online